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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Tam who wrote (2187)	8/22/2001 9:44:54 PM
From: PoetTrader	Read Replies (1) \| Respond to of 5205

Thomas... not quite sure I understand you. The stock today is 5.00 -- Yes I bought the 7.50's but the premium I got was 2.50 -- I made the 2000+ and if I get put for the 7.50 I'll have 6000 go out. That's 30% in my way of thinking...maybe I'm just not getting what you're saying about the 5 dollar puts...Yes..I do think scmr will go up towards the end of the year, plus it's a stock I want to own longterm. Know the fiber optic market is beyond repair at the moment but figure it'll be one of those stocks I'm really thrilled I picked up along the way for 7.50!...All best, PoetTrader